Shorter - term yields in Canada are also forecast to increase in 2014 as a strengthening in economic growth,
tightening labour market conditions and accelerating wage growth fuel a steady, albeit slow, increase in inflation.
In the face of
a tightening labour market, we commend the Government for taking efforts to promote the skilled trades and developing under - leveraged parts of the workforce, which the 2016 Greater Vancouver Economic Scorecard identified as key steps in growing our economy.
«Despite
a tightening labour market, trainee teacher recruitment is holding steady - with low vacancy rates in priority subjects like maths and science.
The largest driver of Australia's
tightening labour market is the increasing gap between wages in high - skill occupations compared to lower skill ones, relative to the past.
In past years, we have found that an improving economic environment tends to be linked with
tightening labour markets as demand for talent increases and the challenge of recruiting the most sought - after skills begins to impact organisations.
Canada's housing affordability improved slightly in the third quarter of 2005 due to faster income growth in
tightening labour markets and slower house...
Canada's housing affordability improved slightly in the third quarter of 2005 due to faster income growth in
tightening labour markets and slower house price increases, says the latest Housing Affordability Index released by RBC Economics.
Not exact matches
The Fed left its key short - term rate at 1.5 per cent to 1.75 per cent — the level it set in March after its sixth increase since December 2015 — as it gradually
tightens credit to control inflation against the backdrop of a tight
labour market and a pickup in consumer prices.
The
labour market had
tightened as the unemployment rate had declined by around 3 percentage points in two years, and wage pressures were building.
With output growth likely to remain strong,
labour market conditions will probably
tighten further.
Subsequently, with continuing strong activity indicators, stretched
labour markets and signs of possible pipeline price pressures (although core consumer prices remain benign), the Federal Reserve
tightened monetary policy by 25 basis points to 5 per cent in June and then 5.25 per cent in August (Graph 5).
In addition,
labour market conditions have
tightened over recent months, as seen in the above - trend growth in employment in the December quarter, the fall in the unemployment rate and reports of
labour shortages and pressure on non-wage costs.
Logic also suggests limits:
labour market constraints mean growth is likelier to cool than pick up, and policymakers are
tightening.
Fitch Ratings chief economist Brian Coulton said inflation «will be hard for the Fed to ignore» as the
labour market tightens.
Inflation, in particular, is expected to pick up «consistent with the expectation that a further
tightening in
labour market conditions would gradually feed into higher wage pressures.»
consistent with the expectation that a further
tightening in
labour market conditions would gradually feed into higher wage pressures
Other rules are also being
tightened up, and recently the Kuwait Ministry of Interior increased the minimum salary requirement for foreign nationals sponsoring spouses and dependents for family and visit visas, which may have an impact of the economy and
labour market.
Taken as a whole,
labour market conditions have begun to
tighten across the globe, and pressures are likely to become worse before they get better as businesses fight for the talent to support their growth plans.
Canada scored 5.9 on a 10 point scale (up from 5.6 in 2012) because of perceived
tightening immigration legislation, and an increase of working age Canadians entering the
labour market.